Question : Goods which are of durable character which are used in the production process are called_______.
Option 1: capital goods
Option 2: veblen goods
Option 3: consumption goods
Option 4: complementary goods
New: SSC MTS 2024 Application Form OUT; Direct Link
Don't Miss: Month-wise Current Affairs | Upcoming Government Exams
New: Unlock 10% OFF on PTE Academic. Use Code: 'C360SPL10'
Correct Answer: capital goods
Solution : The correct answer is capital goods.
Capital goods are items such as buildings, machinery, and tools that are used to produce consumer goods, or services. Capital goods are of durable character items and differ from consumer goods and services. Consumer goods and services are the products used by consumers which include food, clothing etc. These are the end product of production and manufacturing.
Application | Cutoff | Selection Process | Preparation Tips | Eligibility | Exam Pattern | Admit Card
Question : In the product method for measurement of national income, we need to deduct the value of intermediate goods to ____.
Question : Which of the following statements is Incorrect?
Question : The food stocks that are built up during the years of bumper harvest are called:
Question : ________is a process in which natural rubber is treated with sulphur to make it more durable and elastic.
Question : Materials that allow electric current to pass through them are called_______.
Regular exam updates, QnA, Predictors, College Applications & E-books now on your Mobile